Woori Bank (NYSE:WF) Upgraded by Wall Street Zen to “Strong-Buy” Rating

Woori Bank (NYSE:WF) was upgraded by research analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research report issued on Saturday.

Several other equities research analysts have also recently commented on WF. Weiss Ratings reissued a “buy (b)” rating on shares of Woori Bank in a report on Monday, December 29th. Zacks Research raised Woori Bank from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 11th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Strong Buy”.

Woori Bank Stock Down 6.2%

WF stock opened at $74.70 on Friday. The firm’s 50-day moving average is $66.00 and its two-hundred day moving average is $58.94. The company has a market capitalization of $18.28 billion, a price-to-earnings ratio of 8.36, a price-to-earnings-growth ratio of 0.81 and a beta of 1.14. Woori Bank has a 52 week low of $29.44 and a 52 week high of $84.71. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.78.

Institutional Trading of Woori Bank

A number of hedge funds have recently bought and sold shares of WF. HM Payson & Co. acquired a new stake in shares of Woori Bank during the third quarter valued at approximately $29,000. Kestra Advisory Services LLC acquired a new position in Woori Bank in the 4th quarter worth approximately $43,000. Smartleaf Asset Management LLC raised its stake in Woori Bank by 551.7% during the 2nd quarter. Smartleaf Asset Management LLC now owns 984 shares of the bank’s stock valued at $48,000 after purchasing an additional 833 shares during the period. Osaic Holdings Inc. lifted its holdings in shares of Woori Bank by 51.9% in the second quarter. Osaic Holdings Inc. now owns 1,042 shares of the bank’s stock valued at $51,000 after purchasing an additional 356 shares in the last quarter. Finally, Tower Research Capital LLC TRC lifted its holdings in shares of Woori Bank by 3,282.4% in the second quarter. Tower Research Capital LLC TRC now owns 1,150 shares of the bank’s stock valued at $57,000 after purchasing an additional 1,116 shares in the last quarter. 3.41% of the stock is owned by hedge funds and other institutional investors.

About Woori Bank

Woori Bank Co, Ltd. (NYSE: WF) is a South Korean commercial bank and the principal banking unit of Woori Financial Group. Established in 2001 through the merger of Hanvit Bank and Peace Bank, the institution traces its roots to earlier banking entities that date back to the late 19th and mid-20th centuries. Headquartered in Seoul, Woori Bank operates under a universal banking model, serving both individual customers and corporate clients with a comprehensive suite of financial products and services.

The bank’s core operations encompass retail banking, corporate and investment banking, treasury services, and wealth management.